The Delhaize Group is trying to buy Bi-Lo and merge it into its Food Lion stores.

On Oct. 5, the Belgian international food retailer announced that it had entered into a non-binding letter of intent with Bi-Lo LLC to acquire a substantial majority of Bi-Lo’s assets for $425 million in cash, according to a Delhaize news release.

Delhaize declared its intent to buy the Greenville, S.C.-based Bi-Lo during the supermarket chain’s bankruptcy court proceedings.

Delhaize plans to integrate Bi-Lo’s stores into its wholly owned Salisbury, N.C.-based Food Lion LLC subsidiary that has more than 1,300 stores in 11 states.

Bi-Lo, which has 214 stores in North Carolina, South Carolina, Tennessee and Georgia, filed for bankruptcy in March.

In an Associated Press report, Bi-Lo president and chief executive officer Michael Byars confirmed the chain had signed a letter of intent with Delhaize.

He said the deal is subject to conditions and that some of Bi-Lo’s creditors and lenders have released alternative restructuring proposals.

Bi-Lo remains focused on maximizing the value of the estate for the benefit of all Bi-Lo stakeholders, Byars said in a statement.